The 'What's Next?' Retirement Podcast
Welcome to another edition of The “What’s Next?” Retirement Podcast with Craig Wear. Life is full of transitions that have a financial impact now and in your future. When finances are affected, there are always questions to ask and choices to make. As an independent Certified Financial Planner for well over thirty years, Craig has helped Americans make decisions that give them their best financial futures. The experiences with so many clients has given him a unique perspective to help with “What’s Next?” for you - as you navigate the unknowns of your own life.
The 'What's Next?' Retirement Podcast
Unlocking Your Retirement Goldmine: How to Legally Tap into Your 401K and Pension Now
Summary
This episode discusses accessing retirement funds while still working. Marcus Foote, an attorney, shares his discovery of a way to access qualified funds such as 401ks and pension plans. The most common reasons for accessing these funds include diversifying investment options, investing in alternative investments, and rolling funds down to a younger spouse. Marcus explains the process of using in-marriage quadros to transfer funds legally. He also addresses limitations and considerations, such as the type of plan and state-specific laws. The episode concludes with information on how to contact Marcus and schedule a consultation.
Takeaways
- There is a way to access retirement funds while still working, such as 401ks and pension plans.
- Common reasons for accessing these funds include diversifying investment options and investing in alternative investments.
- In-marriage quadros can be used to transfer funds legally.
- Considerations include the type of plan and state-specific laws.
Chapters
00:00
Introduction
00:30
Accessing Retirement Funds While Still Working
01:24
Introducing Marcus Foote
04:27
Common Reasons for Accessing Retirement Funds
06:11
Benefits of Rolling Funds Down to a Younger Spouse
07:40
Using Quadros to Avoid Early Withdrawal Penalties
09:24
Limitations and Considerations
11:16
Process Overview
Want to Learn More?
To discuss how the ideas presented here may fit into your future, simply email cw@craigwear.com to schedule a complimentary consultation with one of our CFPs.
For more information or to schedule a time to talk to Marcus Foote, please email JDear@InMarriageQDRO.com